PHILADELPHIA, PA—Radian Group is exiting the bond insurance business, with the agreement to sell 100% of the shares of Radian Asset Assurance Inc. to Assured Guaranty Corp., for a purchase price of approximately $810 million. Company CEO S.A. Ibrahim says it's part of the company's efforts to meet new capital standards for remaining in the mortgage insurance business.

PHOENIX—Construction and conversion has begun for The Circuit Tempe, a 190,000-square-foot ultra-modern, high density, class A office project at 615 S. River Dr. in Tempe. Formerly an industrial manufacturing facility for Jabil Circuit, the sizable building has been dramatically re-designed to serve as the Valley's first speculative large-scale, millennial focused office property.

HOUSTON--HFF has announced it has closed the sale of Sam Houston Crossing I, a class A office building totaling 159,175 square feet in northwest Houston.